Home / Business and Economy / Victory Capital Acquires First Eagle, Assets Soar to $571B
Victory Capital Acquires First Eagle, Assets Soar to $571B
26 Aug
Summary
- Victory Capital agrees to buy First Eagle for approximately $7 billion.
- The acquisition will boost combined assets under management to $571 billion.
- The deal includes $4 billion in cash and other considerations.
Victory Capital Holdings Inc. has entered into a definitive agreement to acquire First Eagle Investments. This significant transaction is expected to elevate the combined firm's assets under management to approximately $571 billion, establishing a formidable presence in the financial industry.
The acquisition price is set at around $7 billion. This figure includes a cash component of $4 billion, with the remaining value comprised of other considerations detailed in the agreement.
This move signifies a major strategic expansion for San Antonio, Texas-based Victory Capital. The integration of First Eagle's operations and assets promises to unlock new synergies and enhance service offerings for a broader client base.
